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Saudi Re closed the first two quarters of 2024 with reinsurance revenue of 482.691 million SAR (128.6 million USD), up by 68.4% compared with the 286.628 million SAR (76.4 million USD) recorded as at 30 June 2023.
Reinsurance service results climbed by 64.9% to 186.505 million SAR (49.7 million USD).
Net profit after zakat (Islamic tax) amounted to 75.277 million SAR (20.1 million USD), against 71.16 million SAR (19 million USD) at the end of the first half of 2023, representing a 5.8% increase.
During the reporting period, the company's shareholders' equity stood at 1.216 billion SAR (323.9 million USD), showing an 11.2% growth over one year.
